National Bank of Romania's foreign exchange reserves up 1.8%, to 33.9 mln euro, in October

01 November 2017, 5:33 PM

By Theo Moreni

The National Bank of Romania's foreign exchange reserves stood at EUR 33.932 million, compared to EUR 33.320 million on 30 September 2017, up 1.8%, reads a press release of the institution sent to AGERPRES on Wednesday.
During the month, the following flows were recorded: EUR 1.961 million worth of inflows in the form of changes in credit institutions' foreign currency-denominated required reserves, inflows into the Ministry of Public Finance's accounts (including the amount resulted from the Ministry of Public Finances issuance of Eurobonds with a nominal value of EUR 1.000 million), inflows into the European Commission's account and other; EUR 1.349 million worth of outflows in the form of changes in credit institutions' foreign currency-denominated required reserves, interest payments and principal repayments on foreign currency public debt and other.
According to BNR, the gold stock remained unchanged at 103.7 tonnes. However, following the change in the international price of gold, its value equalled EUR 3.649 million.
The press release also mentions that on 31 October 2017, Romania's international reserves (foreign currencies and gold) stood at EUR 37.581 million, as compared to EUR 36.959 million on 30 September 2017.
During November 2017, the payments due on public and publicly guaranteed by the Public Finance Ministry foreign currency-denominated debt amount to approximately EUR 161 million.